Economy
Tirunelveli has a range of large industries, including cement factories, beedi (tobacco) companies, steel products, and mills for cotton textiles, spinning and weaving. There are also many small scale industries, such as tanneries and brick kilns, many of which are supported by NELSIA (Nellai Small Scale Industries Association).
In June 2007, the Tata Group signed an MOU with the State Government for the opening of a titanium dioxide plant estimated at 2500 crore in Tirunelveli and Tuticorin districts. The original MOU for the techno-economic feasibility study for setting up the project was signed by Tata Group and the State Government in 2002. The project was expected to create job opportunities for over 1000 people directly and an estimated 3000 indirectly. However, the State Government put the project on hold after growing protests against the project.
Tirunelveli is the one of best area for wind energy companies to install & produce electrical power through wind. Lot of MNC wind companies like Suzlon, VESTAS, RRB, ENERCON, GAMESA installed their plants and produce electrical power about 3500MW in aralvaimozhi, radhapuram, & panakudi area at south tirunelveli district. Manur, rastha, devarkulam, ukirankottai, azhgiyapandipuram, othumalai, narikudi, kayathar & amudhapuram,areas at north tirunelveli district. Seetharpanallur, Surandai, Alangulam, poovoorchathiram, aaikudi & Tenkasi areas at west tirunelveli district.
Tirunelveli is the location for one of several Software Technology Parks of India (STPI).
Read more about this topic: Tirunelveli
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)